Scottish law firm Anderson Strathern has increased turnover for the year to 31 August 2017 by 2.5 percent to £21.5 million whilst net profit grew four percent with profits per equity partner up nine percent.
The firm said the growth was a result of "major client wins, panel appointments and organic growth across its private client, commercial and public sector practice groups."
Within its client groups, Andersen Strathern said dispute resolution saw significant growth during the year on the back of mergers in 2016 with ADLP and Jeffrey Aitken, and the family law practice experienced healthy organic growth.
Rural land and business saw significant growth and the firm’s employment & pensions team was bolstered by new revenue streams from increased tribunals as well as new streams of immigration law advice. The firm said private client "fared well in a competitive market" and property, both commercial real estate and residential, saw an uptick over the year.
In terms of operating highlights, Anderson Strathern launched an advocacy and legal opinions unit in April 2017, led by former chair Robert Carr and staffed by eight solicitor advocates, and in October the firm launched a commercial claims company, Alba Claims. After 12 years as chair, Mr Carr also stepped down from the post in April and Bruce Farquhar took over as the new chair.
During the year, the firm invested in its Edinburgh, Glasgow and East Lothian offices, IT projects, as well as brand, marketing and business development. In addition to promoting from within, external hires included David Campbell as a partner in private client, Iain Grieve as a partner in commercial real estate and Susanne Godfrey who joined as finance director from PwC.
Murray McCall, Anderson Strathern’s managing partner, said: "By investing in our people, our brand and technology, we have built a strong platform for our next phase of growth as one of Scotland’s leading independent legal firms. We have a great team at Anderson Strathern and last year’s results are testament to our collective efforts, skills and an ability to collaborate with our client base and intermediaries to achieve the best possible outcomes."
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